Business

In line with its ongoing initiatives to work together with banks, Federal Electricity as well as Water Authority has signed a collaboration contract with Mashreq Financial institution, which allows its consumers to pay their bills with the Financial institution's numerous networks inside and also outside UAE.

The agreement was signed by Sheikha Murad Al Balushi, Supervisor of Income as well as Credit History Division at FEWA, and also Subroto Som, Group Head of Retail Banking at Mashreq.

Electricity about the contract, Al Balushi said that the Federal Electrical Power and also Water Authority is entering into a new contract with Mashreq as component of its continuous initiatives to provide more networks of payment to its clients. She noted that the Authority has actually signed similar arrangements with several other banks just recently for the very same purpose.

Al Balushi added that the Authority's initiatives in this area enable its customers to pay their costs provided by the Authority with different networks, including electronic payment, Emirates Message, ATMs, payment devices, along with a number of banks.

Subroto Som, Team Head of Retail Banking at Mashreq Financial institution added, We are pleased to partner with the Federal Electricity and Water Authority to offer customers in the UAE an easy and effective solution to pay their utility bills. As the UAE government drives the adoption of smart services among all its residents, Mashreq continues to innovate to make every day financial transactions simpler, faster and more convenient for our customers.

• Tags
• #Business
• #Magazine
• #Lifestyle